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Poker Forums => Live Tournament Staking => Topic started by: cambridgealex on July 25, 2012, 10:10:29 PM



Title: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 25, 2012, 10:10:29 PM
Hi, my name is Alex Goulder and I recently won a seat to LAPT Colombia which is on the 8th August and a 4.2million buyin event....

(http://i1210.photobucket.com/albums/cc416/cambridgealex/turningbackdoorouts.gif)

4,200,000.00 COP   =   1,505.301 GBP
Colombian Peso   ↔   British Pound

I'm auctioning off 10%, or 20% if reserve price is met. edit: reserve price pmed to Tight End.

I honestly think this will be one of softest tournaments I'm ever likely to play. From watching the players in the satellites (mainly compromised of players from South America) and from my experience of playing online with Brazilians, Venezuelans etc, I think I'm very well placed to make a deep run. I find that events such as these suit my style more than any others, as they are all about value betting well, making disciplined folds and picking off bluffs, rather than complex plays, high variance lines and balancing ranges. Being a predominately live player, I'm very accustomed to this style and once I get a stack and get deep into an event, I usually go really deep because I know how to play vs these player types very well and value my tournament life in a soft field very highly. Although obviously a very small sample size, I think my hendon mob results of 1st, 1st, 4th, 6th out of the 9 events they've recorded there show this to some extent. I want to sell myself, but I don't want to overdo it, so I'll leave it at that.

There was 685 runners for this event last year, so the prizepool will be very juicy, at a very rough guess first prize between £200k and £300k

http://www.sharkscope.com/#Player-Statistics//networks/PokerStars/players/20alex430?filter=
http://www.sharkscope.com/#Player-Statistics//networks/*/players/Sr%20Croissant
http://pokerdb.thehendonmob.com/player.php?a=r&n=186500

I think this'll be a really fun sweat and it'd be good to get lots of blondes on board having a little slice.

The auction will end at midnight this Sunday 29th July.

Edit: I'll only be accepting bids on this thread OR on my diary thread. That way people with less than 300 posts can still bid, but all bids are transparent and in public.


The Colombian government take a 20% tax on all winnings. Please consider this before bidding as it obviously makes it a less attractive proposition. The reserve price I've sent to Tight End reflects this.


1% starts at £15.05
10% £150.50

Good luck.

Bids


Title: Re: Round 2: LAPT Colombia main event auction
Post by: scotty77 on July 25, 2012, 10:13:01 PM
5pc at 1.55

might just be me but the yellow colour about the tax is awful!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 25, 2012, 10:14:46 PM
Auctions rules as standard:

Everyone who is interested in buying a piece should make a bid for a certain percentage with the maximum price they would be prepared to pay for that piece. e.g. pleno 5% @ 1.8
All the bids are arranged in descending order by price* and the top 10 percentiles** at 00:00 on Monday 30th July win the auction.
Every winner pays the price of the lowest winning bid.

*In the event of a tie, the bid made first chronologically will take precedence
**This may involve one person receiving only part of the percentage that they bid for.

You can make as many bids as you like, e.g. if you would buy 10% at 1.1 but only 5% at 1.2, you can make 2 bids, 5@1.1 and 5@1.2, if the strike price finishes 1.1 or below you will have 10%, between 1.1 and 1.2 you will get 5% and over 1.2 you won't buy any.
Bids will be rounded to 2 decimal places, i.e. 1.333 will be considered the same as 1.33 and ranked chronologically
Bids are binding and cannot be withdrawn, I am ending the auction in plenty of time to chase everyone up for payment before the event.
To prevent any <0.5 shenanigans, the minimum price will be 1.0
In the event of some unforeseen dispute arising the referee's* decision will be final.

*me

Note: The exchange rates are pretty volatile so I'll lock in the exchange as above for the buying. If we cash, I don't know how I'll receive the money, it might be in USD, it might be in pesos or bank transfer. Either way, I'll consult blondes or someone well-placed to make the best judgement at the time. I'm travelling around Colombia after the event so will be in no rush to leave, I'll make sure that however we get the money will be the best way and no-one will lose out more than necessary on the exchange rate. Loses will be shared equally amongst investors and myself.

For example: It turns out that the most +EV way of getting the money is to get it in USD cash, then investors can receive their share in USD cash or they can receive their share in £ at the rate at which I manage to convert it.

Very open to advice on this policy of course, feel free to comment even if not interested in the thread.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 25, 2012, 10:15:13 PM
5pc at 1.55

might just be me but the yellow colour about the tax is awful!
booked and edited to green!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 25, 2012, 10:15:57 PM
Bids (current price 1.55)

Neeko 2% @ 1.66
Eso Kral 3% @ 1.61
Stato1 10% @ 1.6
RedSimon 2% @ 1.59
Scotty77 5% @ 1.55
EsoKral 3% @ 1.39
EdGascoigne 2.5% @ 1.28
EdGascoigne 5% @ 1.23
MC 8% @ 1.22
JJandellis 3% @ 1.11
Rupert 20% @ 1.1


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Rupert on July 26, 2012, 12:06:41 AM
20% at 1.1


Title: Re: Round 2: LAPT Colombia main event auction
Post by: The Camel on July 26, 2012, 12:11:07 AM
WTF are Stars doing running a tournament where there's a 20% tax on the pool?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 26, 2012, 04:50:20 AM
All booked so far, thanks.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: MC on July 26, 2012, 06:42:25 AM
8% at 1.22


Title: Re: Round 2: LAPT Colombia main event auction
Post by: redsimon on July 26, 2012, 08:35:25 AM
2% @1.59 please


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 26, 2012, 09:56:30 AM
5% @ 1.23
2.5% @ 1.28

...in the post tax LAPT auction please Alex.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: EvilPie on July 26, 2012, 10:04:26 AM
WTF are Stars doing running a tournament where there's a 20% tax on the pool?

How is it any different to when they did WSOP sats? The Americans get taxed on those don't they?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on July 26, 2012, 10:17:18 AM
do you need 300 posts to post on here? i thought you only needed 300 posts to ask for backing not if you wanted to buy in someone


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 26, 2012, 10:19:37 AM
do you need 300 posts to post on here? i thought you only needed 300 posts to ask for backing not if you wanted to buy in someone

no you need 300 posts just to post on this board


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on July 26, 2012, 10:21:24 AM
do you need 300 posts to post on here? i thought you only needed 300 posts to ask for backing not if you wanted to buy in someone

no you need 300 posts just to post on this board
oh ok. so people with less than 300 posts cant usually buy stakes?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: The Camel on July 26, 2012, 10:28:03 AM
WTF are Stars doing running a tournament where there's a 20% tax on the pool?

How is it any different to when they did WSOP sats? The Americans get taxed on those don't they?

Because losses are are deductable.

This is a one off payment to the Colombian Government.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Eso Kral on July 26, 2012, 10:29:58 AM
3% @ 1.39 pls


Title: Re: Round 2: LAPT Colombia main event auction
Post by: stato_1 on July 26, 2012, 12:33:45 PM
10% at 1.6


Title: Re: Round 2: LAPT Colombia main event auction
Post by: rfgqqabc on July 26, 2012, 12:40:05 PM
2% 1.45


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Eso Kral on July 26, 2012, 01:40:04 PM
3% @ 1.61


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 26, 2012, 01:58:49 PM
Reserve price met, 20% going at 1.55 currently.

Bids (current price 1.55)

Eso Kral 3% @ 1.61
Stato1 10% @ 1.6
RedSimon 2% @ 1.59
Scotty77 5% @ 1.55
EsoKral 3% @ 1.39
EdGascoigne 2.5% @ 1.28
EdGascoigne 5% @ 1.23
MC 8% @ 1.22
JJandellis 3% @ 1.11
Rupert 20% @ 1.1



Title: Re: Round 2: LAPT Colombia main event auction
Post by: EvilPie on July 26, 2012, 03:14:31 PM
do you need 300 posts to post on here? i thought you only needed 300 posts to ask for backing not if you wanted to buy in someone

no you need 300 posts just to post on this board

Makes a complete mockery of the system though when you can get around it by using the rail to ask for staking and then update it here.

Not a problem for me like. Just sayin'.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Rupert on July 26, 2012, 05:03:52 PM
The whole 300 posts to buy a piece thing is ridiculous anyway. 300 posts to create a thread sure that's going to stop a decent amount of people from posers/dodgy people. 300 posts to post in a thread protects 1 person and is far more inconvenience than convenience.

Alex should absolutely be allowed to sell to posters with <300, just like it's fine to sell to a mate on Skype or on another forum.

The only thing I can think of is if the rule is in place to benefit Blonde by making them generate more content before being allowed access to the marketplace but I doubt that is the case and more likely just limitation of the forum software.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: TightEnd on July 26, 2012, 06:21:06 PM
It is a software limitation yes, first and foremost...but also a deliberate guideline to try and make things as transparent as possible

If someone wants to use our service, and therefore benefit from everyone seeing it on here (far more than would see it on their own social media platforms) then we regard it as desirable that activity should take place on this board rather than off here and posted on it after the event

Of course in practice that's a "nice to have" rather than anything we'd be able to enforce

Note the new guideline today, added to the board thread, that doesn't allow PM activity for bids on auction threads on here too


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 26, 2012, 06:55:02 PM
What does pm activity cover ? Bids outside the thread or bids not on this thread or diary.

This thread is Alex's not blondes. He understands the risks etc and so do the buyers.

Having these rules ry makes members feel like kids and will obviously be great for Alex's new site, which in turn would potentially be bad for stakers who have to pay a fee or wte.

Can't we just make things super basic?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: nirvana on July 26, 2012, 07:14:43 PM
TBF, there have only been a handful of auctions so I think the hit to blonde and benefit to Alex lacks a certain materiality. Probs not quite enough to affect how blonde monetises its asset and not quite significant enough to warrant a change to a fairly slim staking rulebook.





Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 26, 2012, 07:51:43 PM
Perhaps discussion should be moved to the new "staking discussion" thread rather than this one?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: CHIPPYMAN on July 26, 2012, 08:04:03 PM
Perhaps discussion should be moved to the new "staking discussion" thread rather than this one?

Agreed 100000000000000000000000%


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Dubai on July 26, 2012, 09:04:25 PM
Yeah come on lads, be nice to poor Alex, he is only selling at 1.9 or so already, let him have a fair shot at a proper price :)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: The Camel on July 26, 2012, 09:10:27 PM
What does pm activity cover ? Bids outside the thread or bids not on this thread or diary.

This thread is Alex's not blondes. He understands the risks etc and so do the buyers.

Having these rules ry makes members feel like kids and will obviously be great for Alex's new site, which in turn would potentially be bad for stakers who have to pay a fee or wte.

Can't we just make things super basic?

Pretty obvious why PM bids (and bids from people with less than 300 posts) should be banned if you think about it.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 26, 2012, 09:36:15 PM
Disagree. Doubt I'd ever invest in sonebody that I would suspect do something like this.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: SuuPRlim on July 26, 2012, 09:40:11 PM
Yeah come on lads, be nice to poor Alex, he is only selling at 1.9 or so already, let him have a fair shot at a proper price :)

needs more love :D


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 26, 2012, 09:44:17 PM
Yeah come on lads, be nice to poor Alex, he is only selling at 1.9 or so already, let him have a fair shot at a proper price :)

needs more love :D

If bything does over inflated prices mean that auctions are extremely bad for the market place and somewhat take advantage of social stakers who just want a punt?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 26, 2012, 09:48:23 PM
Yeah come on lads, be nice to poor Alex, he is only selling at 1.9 or so already, let him have a fair shot at a proper price :)

needs more love :D

If bything does over inflated prices mean that auctions are extremely bad for the market place and somewhat take advantage of social stakers who just want a punt?

[ ] over-inflated

[X] still great value at 2.0

[X] over-inflated ego


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 26, 2012, 09:55:44 PM
Won't post on tread although I am bumping it which is prob +ev for you :D

I didn't mean your thread but in general if prices are massively bumped up then it's goog I hae a negative impact.

I guess for nom regular buy ins the log run doesn't matter but if I buy for next 15 years which is perfectly feasible would massive effect my long term roi.

I guess it doesn't matter and only stakees thoughts should be concerned though.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Doobs on July 26, 2012, 10:08:49 PM
Won't post on tread although I am bumping it which is prob +ev for you :D

I didn't mean your thread but in general if prices are massively bumped up then it's goog I hae a negative impact.

I guess for nom regular buy ins the log run doesn't matter but if I buy for next 15 years which is perfectly feasible would massive effect my long term roi.

I guess it doesn't matter and only stakees thoughts should be concerned though.

Bumped the ROI thread in the rail today.  Probably best to post there and not here. 


Title: Re: Round 2: LAPT Colombia main event auction
Post by: TightEnd on July 26, 2012, 10:13:43 PM
Disagree. Doubt I'd ever invest in sonebody that I would suspect do something like this.

but you might without suspecting it

Anyway

- The new Auction PM guideline is not specifically to do with Alex.

There is a general concern that the process is, potentially, extremely exploitable by the stakee at the expense of those bidding should someone unscrupulous "invent" PM offers, thus inflating the final price the stake is sold at

It's nothing to do with monetising a blonde asset, and I don't give a damn if the auctions go elsewhere. It's a question of total transparency wherever possible

The new guideline helps pre-empt a problem down the line, and a secondary issue what might be putting some people off participating. The extra protection might be seen therefore to be encouraging the marketplace on here

Therefore from now on Auction stake prices must only be set by reference to bids in the public domain.

As this thread is.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: SuuPRlim on July 27, 2012, 08:26:06 AM
[X] over-inflated ego

:D




Title: Re: Round 2: LAPT Colombia main event auction
Post by: neeko on July 27, 2012, 08:53:07 AM
OK this is possibly overpaying but I want a Staking_HerbieFlag from Columbia so

2%@ 1.66


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 27, 2012, 09:16:31 AM
Despite how +ev it may be, you realise Herbie is not playing the event for me?!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: bobby1 on July 27, 2012, 11:10:19 AM
Where is the sheriff when you need him?





Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on July 27, 2012, 01:15:28 PM
The main concern is how long it's gonna take you to pay refunds for not actually playing. Pretty sure they are gonna have one listen at your accent and kidnap you thinking you must be related to the royal family.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 29, 2012, 06:23:33 PM
Closes at midnight tonight.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 01:44:47 AM
Winning bidders, all paying 1.55, congratulations. People think you've overpaid but I don't think so. In fact, as a vote of confidence in your bids and my ability, I'll buy myself with anyone that wants to lay me at 1.55 up to 25%. Thanks for the faith, I hope you'll be rewarded :)

Neeko 2% @ 1.66
Eso Kral 3% @ 1.61
Stato1 10% @ 1.6
RedSimon 2% @ 1.59
Scotty77 3% @ 1.55

1% = £23.33

20alex430 on stars or bank transfer. PM me if you need details.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Dubai on July 30, 2012, 01:59:06 AM
How much is 1st gonna be? Would u be open to a buyout agreement if u finalled?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Dubai on July 30, 2012, 02:04:43 AM
and i assume dont have to do the full 25%?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 05:42:19 AM
No buyouts - this is for all the Billy bigtimes that are waltzing round the forum saying what terrible value this is - put your money where your mouth is. And no 1% chunks, 5% minimum.

On last years figures, 685 runners = prize pool of £1m, first prize I guess 200k? less tax = 160k, So your exposure is 8k per 5%. Could be more runners this year though.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pokerfan on July 30, 2012, 06:31:05 AM
Before or after tax ?  ;whistle;


Title: Re: Round 2: LAPT Colombia main event auction
Post by: millidonk on July 30, 2012, 07:05:47 AM
No buyouts - this is for all the Billy bigtimes that are waltzing round the forum saying what terrible value this is - put your money where your mouth is. And no 1% chunks, 5% minimum.

On last years figures, 685 runners = prize pool of £1m, first prize I guess 200k? less tax = 160k, So your exposure is 8k per 5%. Could be more runners this year though.

Not been waltzing around saying anything but I will take 1000% plz. Milligan84 on stars.

Edit: changed figure from 400% just incase anyone thought I was serious..


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 08:09:12 AM
No buyouts - this is for all the Billy bigtimes that are waltzing round the forum saying what terrible value this is - put your money where your mouth is. And no 1% chunks, 5% minimum.

On last years figures, 685 runners = prize pool of £1m, first prize I guess 200k? less tax = 160k, So your exposure is 8k per 5%. Could be more runners this year though.

Not been waltzing around saying anything but I will take 1000% plz. Milligan84 on stars.

Edit: changed figure from 400% just incase anyone thought I was serious..

I can't remember whether you said anything or not, will check your post history :P

If guilty, the 25% is all yours :D

edit: you're all clear sir :)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Simon Galloway on July 30, 2012, 09:10:38 AM
I'm not a billybigtime, nor did I say it was terrible value, although nor did I bid.

You are asking people to put their money where their mouth is, but my first thought was "but aren't you putting Neeko/Eso Kral/Stato1/RedSimon/Scotty77's money where your mouth is?"

Ofc once those guys have taken a piece, it is your money fair and square.  But charging markup on a slice and using that markup to then leverage a fairly chunky prop bet (in terms of liability to anyone that takes it) is not a bad way to take a spin.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 09:23:49 AM
I'm not a billybigtime, nor did I say it was terrible value, although nor did I bid.

You are asking people to put their money where their mouth is, but my first thought was "but aren't you putting?"

Ofc once those guys have taken a piece, it is your money fair and square.  But charging markup on a slice and using that markup to then leverage a fairly chunky prop bet (in terms of liability to anyone that takes it) is not a bad way to take a spin.

I didn't "charge a markup", it was an auction and that's the price it went at. Some people said it was too high, terrible value etc, I disagree and want to back that up by putting my own money at risk at that markup. I'm guess I'm putting Neeko/Eso Kral/Stato1/RedSimon/Scotty77's money where my mouth is too, but it makes a stronger statement to put my own money up at the price they've paid, to show that I believe they've still got a good value investment out of this.

I see what you mean that my liability is only £600 whereas anyone taking the bet's liability is many thousands, but if 1.55 is bad value, then the bet is still +EV for anyone who wishes to take it.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: neeko on July 30, 2012, 09:34:04 AM
£46.60 sent to same details as before. Grimming you out of 6p as that was lucky with my last stake.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Eso Kral on July 30, 2012, 10:06:12 AM
FWIW I am one of the stakers who is overpaying for Alex to swan off to Colombia but wanted it to be known that I am only SPINNING DOWN the money I gave to Alex before he went to vegas of which he kindly returned approx half and therefore had written it off a long time ago.   :P


If I was giving my hard earned my bid would have been 1.61  1.35



GLGL Alex and will ship the diff by stars later on


Title: Re: Round 2: LAPT Colombia main event auction
Post by: scotty77 on July 30, 2012, 10:57:57 AM
£70 shipped via bank transfer thanks!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 11:52:31 AM
Received from Scotty, Neeko and RedSimon. Eso Kral is in for £70 but I owe him £51 from Vegas staking, so that's £19 difference fella :P

Stato's is on the tab, I'll add it to the rent bill :D


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Eso Kral on July 30, 2012, 12:00:33 PM
Received from Scotty, Neeko and RedSimon. Eso Kral is in for £70 but I owe him £51 from Vegas staking, so that's £19 difference fella :P

Stato's is on the tab, I'll add it to the rent bill :D
Sigh grimming me for a penny and you have not even flown yet  :(


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Rupert on July 30, 2012, 12:08:51 PM
If you are willing to buy additional action at 1.55, why didn't you just take additional action at 1.0?

edit: oh to make a statement. Wouldn't be insecure about it there's always going to be haters. Looks like you have enough people that have faith in you don't see the problem.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: The Camel on July 30, 2012, 12:22:39 PM
Buying 100% of yourself at 1.55 would be a pretty strong display of faith.

Offering to buy 25% at the rate you've sold, less so :)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Dubai on July 30, 2012, 12:28:42 PM
Quite like the passion he shows anyway- obviously his horse shipped a tourny and he had a few drinks before posting but still like it. Not sure I wanna antifunk 10% to lose 16 bags tho to get a tiny bit of value by crossbooking what's probably a small profitable bet for me with the 20% tax deduction AFTER the 1.55, so equivalent of 1.94


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Dubai on July 30, 2012, 12:30:06 PM
Bear in mind "giving it the big un" equates to laying a huge price bet with very small upsides and a potentially massive downside. Ask how many bookmakers wanna lay a 1 runner book in a 300 runner comp


Title: Re: Round 2: LAPT Colombia main event auction
Post by: The Camel on July 30, 2012, 12:43:43 PM
Bear in mind "giving it the big un" equates to laying a huge price bet with very small upsides and a potentially massive downside. Ask how many bookmakers wanna lay a 1 runner book in a 300 runner comp

Only time I've done it was Vanessa Selbst wanted to back herself at 30/1 to win the Ladies event at the WSOP.

Just couldn't turn down that opportunity.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: bobby1 on July 30, 2012, 12:52:00 PM
well I don't know where to start, tho I think it is worth noting the difference in your posts at 1 in the morning when you are on it and later in the day when you aren't.

I've never been called Billy Bigtime before, the usual claim I get from friends is I under state what I actually do so I might even take Billy Bigtime as a good thing.

Allowing for the fact what you are proposing would certainly make it into a 'must not do with stakers funds' then I am more than happy for us to construct a prop bet using your sell price which gives anyone that wants to take a bet the chance to know their liabilities when they decide to play.

Simply put, it makes no sense to take your bet when we have no idea of the runners and prize pool.  It does make sense to come up with a str8 prop which I can come up with after consulting Simon G, Dubai, Keith.

A couple of things tho, just so we don't need to throw Billy Bigtime's without putting their money up claims around there would have to be some ground rules. You promise to take stakes to a certain amount, lets say 5k sterling exposure against all the bettors. You can make that a different figure if you want but to be agreed beforehand. Just so I know this is actually a serious bet and not just you trying to call me out when you have had a pint to see if I will play. That max figure to be made up in £250 chunks to anyone that wants to bet. You pay a buyout clause/cancellation clause up front (say 15%) as most of the time this kind of thing ends up with the one calling for the action spending days thinking about it in the lead up to events and wanting out.

To facilitate that you have to post the full amount including cancellation clause amount to someone we agree to hold the cash. No value in having a cash carrier in Colombia when it comes to settling up. That way if you win you get it wired to you( plus the cancellation clause cash you posted), if we win then we get it wired to us.

So if you want that type of arrangement then I am happy to have a bet if you agree to the type, allowing anyone that wants some to play in £250 pieces up to a certain amount and the other conditions.

thanks

ps just to make me feel good about my timing really. I had read your business thread yesterday and tho I don't think it will be that popular in the format you have it in it did spark a memory of something that I had seen in a proposal pitched to me years ago. I had typed a PM to you but got tired and left it unsent so I could finish it this morning, you can fuck right off now  ;D







Title: Re: Round 2: LAPT Colombia main event auction
Post by: jgcblack on July 30, 2012, 01:04:06 PM
no idea who you are bobby (realise im in the minority) however you are fast becomming one of my fav blondes!!

Jerry, jerry, jerrrry!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 01:07:58 PM
You weren't the only one to say it was bad value bobby, the proposed bet wasn't aimed at you, plenty of people said it was bad value.

will give your proposal a proper read through when i have time later.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on July 30, 2012, 01:23:13 PM
Can't wait till your next auction starts with a reserve of 2.0

You will still sell out

I think bobby is fav in any prop bet you make tho


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 03:33:55 PM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Doobs on July 30, 2012, 04:04:51 PM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers


Title: Re: Round 2: LAPT Colombia main event auction
Post by: GreekStein on July 30, 2012, 04:10:34 PM
Hope you don't mind me thinking out loud here Allington.

I wouldn't have thought many players of your calibre are great value at 1.9 (but I do think you're probably still +EV at that rate).

Let's just say I estimate your ROI at 250%-300% I wouldn't be keen to buy at 1.9 when the rate the player buys in at is 1.0. If you mincash, I make zilch and you make a tidy sum. It'd tilt me.

I know that's almost illogical but I, like several others just wouldn't expect our roi as stakers to be so much less than yours.

I do think several people incorrectly seem to think this isn't value. It is. It's just not the sort of value I'd be looking for. I certainly don't think you should have been criticized for the thread/auction etc.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: The Camel on July 30, 2012, 04:37:22 PM
Hope you don't mind me thinking out loud here Allington.

I wouldn't have thought many players of your calibre are great value at 1.9 (but I do think you're probably still +EV at that rate).

Let's just say I estimate your ROI at 250%-300% I wouldn't be keen to buy at 1.9 when the rate the player buys in at is 1.0. If you mincash, I make zilch and you make a tidy sum. It'd tilt me.

I know that's almost illogical but I, like several others just wouldn't expect our roi as stakers to be so much less than yours.

I do think several people incorrectly seem to think this isn't value. It is. It's just not the sort of value I'd be looking for. I certainly don't think you should have been criticized for the thread/auction etc.

This post makes nearly zero sense.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: titaniumbean on July 30, 2012, 05:52:53 PM
It's all pretty lol.


You'll never get to the point where you can prove you have a >300% roi.

If you hadn't sold action for the event it'd be alot more impressive to now be saying 'i'll lay whatever'.

Similarly anyone who says that they think it's not at least 'good value' (ie a chunk above breakeven for w/e your tru WR is) is basically insulting the backers you have already. marv.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 30, 2012, 05:53:17 PM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: George2Loose on July 30, 2012, 05:55:53 PM
Agree with Titbeam. You're offer would make more sense if you hadn't sold action. And if you think you're value at 2.0 surely you should be buying at 2.0 and not 1.55


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Rupert on July 30, 2012, 06:04:32 PM
While we are being pedantic, the payout should be the gross amount after tax and FX fees - the amount that the backers ITT would get back. I doubt most good players ROI pre-tax would be 80% in this tournament FWIW.

Am excited to rail this bet though. If there are trust issues then escrow some amount definitely the answer and/or could cap the bet.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Doobs on July 30, 2012, 06:25:00 PM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.





Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 30, 2012, 06:33:33 PM
The whole thing is just comedy lol

Just because i may think its not Good value doesn't mean I want to start risking huge amounts to win absolutely nothing.

As has been mentioned if you'd had 100pc
Of yourself then cool but you're freerolling yourself from the action sold itt

Maybe lay-yourself.com could potentially have legs, not many people may want to give a % when buyin action but there are definitely many egotistical players happy to lay themselves could even auction or something simar for a good price lol


Title: Re: Round 2: LAPT Colombia main event auction
Post by: titaniumbean on July 30, 2012, 06:38:48 PM
The whole thing is just comedy lol

Just because i may think its not Good value doesn't mean I want to start risking huge amounts to win absolutely nothing.

As has been mentioned if you'd had 100pc
Of yourself then cool but you're freerolling yourself from the action sold itt

Maybe lay-yourself.com could potentially have legs, not many people may want to give a % when buyin action but there are definitely many egotistical players happy to lay themselves could even auction or something simar for a good price lol


hudge +1


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on July 30, 2012, 07:55:03 PM
Your investors are risking small beans to win big beans.
Billy big balls are risking small beans to lose big beans.
The Billy's have got big making shrewd investments hence liking to keep mark ups low. I like the idea of you calling em out tho.
I think one day you will defo be one of the billy big balls.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Doobs on July 30, 2012, 08:58:45 PM
Your investors are risking small beans to win big beans.
Billy big balls are risking small beans to lose big beans.
The Billy's have got big making shrewd investments hence liking to keep mark ups low. I like the idea of you calling em out tho.
I think one day you will defo be one of the billy big balls.

I heart herbie's proof reader.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 31, 2012, 06:34:01 AM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.


Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on July 31, 2012, 08:24:55 AM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.


Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

Morning Alex.

I'm studiously avoiding getting involved in all this palaver, because a) I don't understand it, b) I don't enjoy seeing all this sort of "bad blood" stuff, & c) I don't like to be sat on awkward fences between good friends, in this case, you & Doobsy.

However, you suggest that if "somebody like pleno can vouch....." (for Doobs)

If we can avoid using that comparision literally - I doubt a soul on earth would deem me to be "like Pleno", we are polar opposites in so many ways! - I would happily vouch for Doobsy.

He is an honourable man, eye-wateringly intelligent, well developed social skills, & I would judge him to be wholly trustworthy. Personally, I would have no problem doing business with him. I obviously don't know his net worth, but from what I know of him, £4k is very much within his means, he is a very successful professional man in business. I wont tell you his job, but I would guess he understands more than anyone on blonde what "risk" means, & the value of risk...... 

I'm less sure that I want to stand guarantee for £4,000, NOT because I distrust him, but because I'm not 100% convinced that everyone fully understands the bet, so the possibility of a dispute exists, (the goalposts have moved before in this particular matter due to very unusual circumstances) & I don't want to be responsible for £4k in the event of a dispute over the terms or resolution of the bet over which I have no control.

I would be happy to do so if we were, or are, simply talking about a bet over which there can be no dispute.

I would do the same for you, too, in both cases as to trust, & in neither case as to the possibility of a dispute here.

PS - Dooby & I HAVE conducted financial matters together, wholly on trust, & everything was settled up in a timely manner. In his case, he insisted on paying me cash up front.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 31, 2012, 10:31:41 AM
Ok that's good enough for me.

Ok so the terms of the bet are....

If he agrees, I'll send Doobs £58.33 (1% = £23.33 so 2.5% = £58.33) then I'll play the LAPT Colombia main event which starts on 8th or 9th of August. Doobs pays me 2.5% of my total cash amount net of taxes and exchange rate conversion back to £.

E.g I cash for £10m Colombian pesos. After tax = 8m. i convert this back to pounds to pay my backers here back, say I end up getting £3k for it. Doobs would owe me £3000x 0.025.

Is that last bit clear enough? Didn't know how to word it better.



Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on July 31, 2012, 10:59:44 AM
Ok that's good enough for me.

Ok so the terms of the bet are....

If he agrees, I'll send Doobs £58.33 (1% = £23.33 so 2.5% = £58.33) then I'll play the LAPT Colombia main event which starts on 8th or 9th of August. Doobs pays me 2.5% of my total cash amount net of taxes and exchange rate conversion back to £.

E.g I cash for £10m Colombian pesos. After tax = 8m. i convert this back to pounds to pay my backers here back, say I end up getting £3k for it. Doobs would owe me £3000x 0.025.

Is that last bit clear enough? Didn't know how to word it better.



See enboldenment.

Nothing to do with me Alex, but in these sort of matters, accuracy is very important imo - so you may wish to remove that £ sign! Arguments & disputes don't happen if these things are clarified in advance, rather than after the fact, so to speak.

PS - Shall we have children & things? You know, you & me?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 31, 2012, 11:11:11 AM
Haha thanks Tikay


Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on July 31, 2012, 11:14:19 AM
Haha thanks Tikay

Thats a "yes" to children?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 31, 2012, 11:50:59 AM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.


Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

ya, il vouch and pay :)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 31, 2012, 11:52:12 AM
oops, just saw Tikay's post.



Title: Re: Round 2: LAPT Colombia main event auction
Post by: Cf on July 31, 2012, 12:18:05 PM
£46.60 sent to same details as before. Grimming you out of 6p as that was lucky with my last stake.

Be careful! We might end up with a feedback board ;) Grimming isn't encouraged!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Doobs on July 31, 2012, 12:40:48 PM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.


Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

ya, il vouch and pay :)

I am not sure people should be vouching to pay 4k on my behalf, it seems very genrous.  But thanks to both you and tikay for offering.  It is appreciated, and thanks to tikay for his very kind words.  I do expect that in the long term, starting a "vouching for gamblers" business would be the route to the poor house.  I expect I have a better credit record than the vast majority of people I have backed on here, so think you should be OK this time.

None of this means that I think that Alex hasn't got fantastic live tekkers and I could do without the stinking variance of this bet.  I think the real line is somewhere between 1.5 before tax and the price you sold, so not even sure I am getting enough reward for the voilatility I am taking.  

I just don't like people suggesting that I wouldn't be willing to back up my opinions with cash. Though the bankroll nit in me wouldn't let me go as far as 8k.

I think the bet looks clear enough now.

We can just sort it out after the tournament.  I will bank transfer soon as I see the result, and you can slate me on the fourm if I don't.  Send me some bank details after you have cashed and gl.

Doobs



Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on July 31, 2012, 12:43:22 PM
Not really sure where you're coming from with the £250 chunks, £5k exposure bit and all this buy-out clause/cancellation fee stuff.

It's a simple bet. 5% minimum bet = £116.65, 25% total for sale = £583.25 total. You say how much you want to buy, I transfer the money beforehand, and that means your liable to pay me x% of my gross cash amount in the tournament after tax.

I'm the one that has to trust you, since I'll pay the money upfront and will have to trust you to pay up if I bink, I know for sure that I'm not willing to do that with you as I don't know you well enough to put that sort of trust in you, and you told me to fuck off this morning for no reason (because you thought the post was specifically aimed at you?).

If you're talking about you transferring the maximum amount you're liable for to a neutral party then that could work.

Will lay 2.5% net of tax equivalent to your cash.  Not sure why you believe I need to expose myself to a possible 8k loss but meh. 

No need for the personal stuff.  Cheers

Because if I won, and after tax got £160k, if you had layed a 5% chunk, you'd have to pay 8k?

I don't understand what 2.5% net of tax equivalent means. I've said 5% minimum.

Why insist on 5% if you are so sure?  And why mouth off about people not willing to back up their views when I clearly am to the tune of 4k or whatever. 

Net of tax means the same anywhere.  Gross is wrong and leaves an ambiguity.  Net would be 2.5% of whatever you would pay to backers after tax.


Ok I just wasn't sure what that meant. Don't take this the wrong way but I need a vouch, I don't know you and have never met you so either escrow the 4k to somebody or get somebody like pleno to vouch and agree to pay up if you don't.

ya, il vouch and pay :)

I am not sure people should be vouching to pay 4k on my behalf, it seems very genrous.  But thanks to both you and tikay for offering.  It is appreciated, and thanks to tikay for his very kind words.  I do expect that in the long term, starting a "vouching for gamblers" business would be the route to the poor house.  I expect I have a better credit record than the vast majority of people I have backed on here, so think you should be OK this time.

None of this means that I think that Alex hasn't got fantastic live tekkers and I could do without the stinking variance of this bet.  I think the real line is somewhere between 1.5 before tax and the price you sold, so not even sure I am getting enough reward for the voilatility I am taking.  

I just don't like people suggesting that I wouldn't be willing to back up my opinions with cash. Though the bankroll nit in me wouldn't let me go as far as 8k.

I think the bet looks clear enough now.

We can just sort it out after the tournament.  I will bank transfer soon as I see the result, and you can slate me on the fourm if I don't.  Send me some bank details after you have cashed and gl.

Doobs



Agreed 100% (enboldenment), but there are not many people I would do it for. In my personal judgement, & experience of you, you are AAA+.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: pleno1 on July 31, 2012, 12:50:38 PM
yeh I'd say there are 15 people or so that I would do it for.

gl anyway Alex do wins.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on July 31, 2012, 12:55:40 PM
Ok booked :) its defo close either way. Pm details and ill send tonight, am moving house today so can't do it right away.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: SuuPRlim on July 31, 2012, 01:46:09 PM
Alex I think you've way over-reacted to this.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on July 31, 2012, 02:22:39 PM
Alex I think you've way over-reacted to this.
Dave was you playing a tourney in gala last night ?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: SuuPRlim on July 31, 2012, 03:33:08 PM
Alex I think you've way over-reacted to this.
Dave was you playing a tourney in gala last night ?

lol, no. Although I very nearly got a bet with George at 7-1 that I could make the top 100 of the "league" with 5 comps to go, decided it wasn't worth the tilt lol.

I was playing a rather juicy cash game, which was fun.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on July 31, 2012, 06:51:23 PM
Alex I think you've way over-reacted to this.
Dave was you playing a tourney in gala last night ?

lol, no. Although I very nearly got a bet with George at 7-1 that I could make the top 100 of the "league" with 5 comps to go, decided it wasn't worth the tilt lol.

I was playing a rather juicy cash game, which was fun.
Ha ha. Ok was gonna accuse you of being the Feldman of live poker but as you were not in the tourney can't be true.  Playing George is probably polar opposite to bum hunting in my book.  A kid from scunny was there and wanted to tell you how good your blog was but was to embarrass to interrupt you. He said you were pissing yourself laughing every time he saw you


Title: Re: Round 2: LAPT Colombia main event auction
Post by: SuuPRlim on August 01, 2012, 08:34:02 AM
Yh we were playing some hilariously funny games, played 3 handed me george and lawrence for hours and hours the banter was first class and the action was pretty sick. Then last night had a great group of guys playing again and the table talk was just stunning, good games plenty of action and a hilarious bunch of characters, doesn't get much better than that.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Doobs on August 01, 2012, 02:41:09 PM
Ok booked :) its defo close either way. Pm details and ill send tonight, am moving house today so can't do it right away.

I have spoken to Alex today and the bet is oficially off.

Please reserve this thread for rungood from now on.

Any discussion of this bet and any associated dick waving should take place on other threads.

Now get it won.

Cheers

Doobs


Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on August 01, 2012, 02:49:49 PM

Happy days all round.



Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on August 01, 2012, 02:50:16 PM
Confirmed off. No bad blood ftw. Tikay was right again.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Junior Senior on August 01, 2012, 03:24:54 PM
Confirmed off. No bad blood ftw. Tikay was right again.

One of the only benefits of being a very old man.  You know about stuff! Well the stuff you can remember anyway.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Simon Galloway on August 01, 2012, 03:31:01 PM
I was going to buy a lottery ticket for tonight, but cba.  Obv it is terrible -EV, so someone will love the other side of that, who wants to lay me 6 numbers?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Dubai on August 01, 2012, 03:38:37 PM
Will lay you 1,2,3,4,5,6. Will pay double what lottery pays just for you :)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on August 01, 2012, 04:00:27 PM
Will lay you 1,2,3,4,5,6. Will pay double what lottery pays just for you :)
Did you know on average 10,000 people pick these numbers each week. These 6 numbers have as much chance as any other 6 numbers to come out but you are gonna win considerably less as you are sharing with so many.

Obv Dubai knows this and is not often the wrong side of a bet :)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: GreekStein on August 01, 2012, 04:14:04 PM
Will lay you 1,2,3,4,5,6. Will pay double what lottery pays just for you :)
Did you know on average 10,000 people pick these numbers each week. These 6 numbers have as much chance as any other 6 numbers to come out but you are gonna win considerably less as you are sharing with so many.

Obv Dubai knows this and is not often the wrong side of a bet :)

ofc he fakin knows!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on August 09, 2012, 04:45:45 AM
Arrived safely, am playing day 1b which is tomorrow for me, later today for you (Thursday), midday start which is 6pm for you. Will do as many updates as I can, but I don't have high expectation for the casino wifi so will probably just be end of day reports.

Hopefully won't be too jetlagged, slept 3/4hours on the plane and am getting an early night tonight so should be well prepared.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on August 09, 2012, 06:04:08 AM

Good luck Alex!


PS - Exactly where in Colombia are you?


(http://i1147.photobucket.com/albums/o541/tikay2/map-colombia.gif)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Marky147 on August 09, 2012, 06:17:46 AM
I think it's Medellínnnnnnnnnnnnn



Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on August 09, 2012, 12:16:18 PM
I think it's Medellínnnnnnnnnnnnn



Yes Medellin, it's the 2nd biggest city after Bogota.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on August 09, 2012, 12:57:46 PM
I think it's Medellínnnnnnnnnnnnn



Yes Medellin, it's the 2nd biggest city after Bogota.
Hope it's nicer than Birmingham.   Good luck


Title: Re: Round 2: LAPT Colombia main event auction
Post by: titaniumbean on August 09, 2012, 05:42:40 PM
I think it's Medellínnnnnnnnnnnnn



Yes Medellin, it's the 2nd biggest city after Bogota.
Hope it's nicer than Birmingham.   Good luck

Where isn't?! Other than scunny :p


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on August 09, 2012, 08:07:18 PM
I think it's Medellínnnnnnnnnnnnn



Yes Medellin, it's the 2nd biggest city after Bogota.
Hope it's nicer than Birmingham.   Good luck

Where isn't?! Other than scunny :p
:)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on August 10, 2012, 01:02:02 AM
Pretty disastrous day - just busted in level 6 :(

First hand of play. Seat 6 limps from middle position. Gets to showdown with 3s 2s. Welcome to South America! Happy days. I mentally right click him and assign him the green colour label.

A while later I see seat 2 defend his bb, check call K83ccx, then c/raise Q turn (repping only KQ), then absolutely bomb a brick river. When he bets this big it's obvious he doesn't even have KQ. Literally only bluffs. AK calls and he mucks. He's green now too.

Seat 3 is the next up for labelling. He opens utg with Ad Qc and checks 9c 8c 5c, seat 5 who has peeled from MP bets 425. Mr AQ raises to 2k. Hmmm. Seat 5 calls. Turn is the 3d, Mr AQ bets 2k. Seat 5 now raises to 6k. He surely has a flush. Surely? Anyway, Mr AQ decides he's getting a good price to see one more card, hoping that a club comes and his Qc will be good enough to take the pot down. The river is the 3c and Mr AQ has hit his "bingo" card. He checks.... Seat 5 frustratingly checks behind. He must have Jc Tc or something. Oh no, he has 9d 8h! Getting some sick value there on the turn, unlucky that man! Double label! That wasn't the first time today my jaw was literally wide open after a hand.

So we're working nicely round the table now, not wanting to get involved ourselves, just waiting for a good hand to bet for value, which unfortunately is taking a while. No matter, nice long clock, deep stacks...

I miss what happened preflop and on the flop in this hand, but I see seat 2 shoving 6k allin on the turn into a pot of no more than 4k. The board reads Ac Qc 8d 3s. Seat 9 (unassigned thus far) ssssnappps his neck off. Seat 2, does not look like that's what he wanted to happen. He just mucks his hand. The dealer kills it and seat 9 stands up and proudly shows his Jc 9c and wins the pot by default with Jack high! The dealer decides that he's just going to kill the board and not bother about dealing the river, just ship the pot to seat 9. Nobody says anything. Seat two walks off. I just keep quiet, no way my spanish can be stretched to question this. So we've got a nice green label on seat 9 too, although his call could be deemed heroic.

I've blinded down to 16k, tried to make a few draws and win some big pots but missed everything. I open TT to 500 at 100/200 from late position and the big blind, who we don't have any notes on so far 3bets me to 1300. This is a no brainer peel in position. He checks Js Jc 9s. I'm sure he's never checking a better hand to me here, pretty sure he has at best AK here. so I bet 1500. He raises to 3500. This was part of the reason I bet - induceaments. I call. The turn pairs the 9d. He bets 3800. I have 11000 behind. I'm sure I'm still good. So I call, preparing to make a big call down allin on the river if it bricks. The river is the disaster Aspades. He tanks and then sets me allin.

It's so so gross, I just can't call. I beat KQ and nothing else. I'm thinking to myself, why would he shove this river with AK, AQ? Surely it's obvious when I call the turn I have Jx, 9x or TT, QQ. He can't expect to ever get called by worse, and I'm obviously never folding better. I can't put my tournament life on him knowing that though and also, maybe he knows I have TT and is shoving hoping I hero him. Maybe he has Jx and I was wrong all along. Anyway, I decide I really can't call, so I fold leaving myself 7k at 100/200. He shows KQo, marvellous. I would've got a full double if it bricks on the river.

I peel an open btn vs bb with Kh Th and donk the fantastic Jh 9h 8c flop, turn the 4h (wiii this is what I've been waiting for). I bet and jam a brick river and get paid off, full double to 14k. Happy days, getting back in it? Nope, snap lose a decent pot with 99 vs AQ on KT87J, pay off a small river bet, which I can't not the way the hand plays.

Another jaw dropping hand takes place: 150/300. There's an open to 800 from ATo from early position. K7o decides to defend his big blind. The flop comes 5h 3h 3s, check check. Turn is the 9h. Check, Mr AT now bets 1700, almost the full pot. Mr K7 decides to chuck in 3000. "Has to be 3400 sir". OK. 3400 to play. Mr AT calls. River is the 7d. K7 man has got there and decides to bet 4100. Mr AT calls it off and is furious at the unlucky river! K7 looks a bit bemused. General astonishment from all round the table...no wait, just me, everyone else oblivious...

Fold to 200/400/75, we start this hand with 7k and open in late position with Qh 8h, the bb peels. We cbet 1k on 9h 7d 6c, he calls. The turn is the Kh, so we have a gazillion outs, plus tons of fold equity (he never has a big hand the way he called the flop and we're have a pot sized bet back so expecting a fold almost everytime). I shove and he goes into the tank.

He asks me something in spanish. I didn't understand him so just stayed quiet. He's new to the table, the other players tell him I don't speak spanish.

"You have AK?" he asks

"No hablo Ingles" I replied :D Got a lot of laughs. Think he thought I was trying to be clever with him so spite calls...with Ks Qs. Wtfffff how do you have that?!

We brick and we're bust.

Really disappointed. Like, a lot a lot. Incredible field, big prize pool, felt really comfortable even with a short stack all day, was so in the zone as well, don't think I could do anything different in any of the few hands I did play. I'm a pretty big hero caller, but that TT call, I just couldn't make...sigh no other regrets at all, I don't exactly "regret" the fold, I think it's got to be bad to call there, and I know if I'd called and lost, I wouldv'e been ripped to shreds and no way I could've justified it. So it was the right, but wrong fold.

Thanks all for the backing. Next time :)


Title: Re: Round 2: LAPT Colombia main event auction
Post by: George2Loose on August 10, 2012, 01:07:06 AM
Least you didn't have to pay any tax


Title: Re: Round 2: LAPT Colombia main event auction
Post by: the rage on August 10, 2012, 01:18:59 AM
Unlucky Alex. Enjoy the rest of your trip


Title: Re: Round 2: LAPT Colombia main event auction
Post by: TL900 on August 10, 2012, 01:22:55 AM
200/400/75

oh baby  Ahrt

Unlucky with the tourney, enjoy Columbia


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on August 10, 2012, 01:23:36 AM
200/400/75

oh baby  Ahrt

Unlucky with the tourney, enjoy Columbia

Yes. I think everyone at the table was adjusting their ranges accordingly :D


Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on August 10, 2012, 06:08:06 AM

Unlucky Mr G.

Now go enjoy Columbia.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: skolsuper on August 10, 2012, 11:56:51 AM
200/400/75, we start this hand with 7k and open in late position with Qh 8h

Nope.

edit: actually it's probably fine. depends on how late you mean by 'late position', i'm assuming not button or cutoff because you would have said...


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on August 10, 2012, 12:50:46 PM
200/400/75, we start this hand with 7k and open in late position with Qh 8h

Nope.

edit: actually it's probably fine. depends on how late you mean by 'late position', i'm assuming not button or cutoff because you would have said...

cutoff i think. hijack at worst!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: SuuPRlim on August 10, 2012, 01:13:22 PM
Least you didn't have to pay any tax

 Ahrt


Title: Re: Round 2: LAPT Colombia main event auction
Post by: Simon Galloway on August 10, 2012, 06:07:47 PM


Columbia.

Gotta pull this up.  I mean....really!


Title: Re: Round 2: LAPT Colombia main event auction
Post by: smashedagain on August 10, 2012, 06:15:01 PM
Both the men and women were pretty decent on the Bmx track today. Why would Colombia be so good at that event?


Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on August 10, 2012, 06:24:51 PM


Columbia.

Gotta pull this up.  I mean....really!

Strewth, did I really spell it like that? That will bug me for days now. It is not even a typo, the letters are not adjacent on the keyboard.

Can we call it 1-1? That'd be a combinatronic outcome.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: titaniumbean on August 10, 2012, 09:44:48 PM
Humberto is CL   rotflmfao


Title: Re: Round 2: LAPT Colombia main event auction
Post by: tikay on August 10, 2012, 10:03:23 PM


Columbia.

Gotta pull this up.  I mean....really!

Umm, I thought Alex was in South Carolina, not South America.

Columbia, of course, is in South Carolina.


Title: Re: Round 2: LAPT Colombia main event auction
Post by: cambridgealex on August 10, 2012, 10:13:56 PM
Humberto is CL   rotflmfao

LIKE